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Gold/Mining/Energy : Almonty Industries Inc.
AII.TO 0.780+1.3%Oct 2 3:57 PM EDT
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From: Sultan8/21/2024 1:12:31 PM
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China’s new rules are worrying insiders about how far Beijing will go on controlling critical metals

  • China’s latest export controls have caused some in the critical minerals industry to worry that Beijing will leverage its global supply chain dominance in unprecedented ways.
  • “Three months ago, there’s [no] way anyone would have thought they would have done this. It’s quite confrontational in that regard,” said Lewis Black, CEO of Canada-based Almonty Industries.
  • China will put export controls on tungsten by the end of the year, if not in the next month or two, Christopher Ecclestone, principal and mining strategist at Hallgarten & Company, predicted.

cnbc.com
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